Experts urge brokers to look over remuneration after FCA warning on GI distribution failings
Compliance specialists say brokers need to look at the distribution chain and make sure they act in the best interest of the customer.
Experts have urged brokers to look at their remuneration and make sure that they are adding value to clients, following the Financial Conduct Authority’s (FCA) warning of GI distribution failings in the market.
Last week the FCA published a report slamming general insurance firms for failing to consider the value of products and services provided to customers.
The report outlined the regulator’s key findings from its thematic work on the GI distribution chain, its expectations of firms and
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